The Post-Partisan Emporium

The Fed’s Austerity Program to Reduce Wages By Michael Hudson Preface: The Federal Reserve Board’s ostensible policy aim is to manage the money supply and bank credit in a way that maintains price stability. That usually means fighting inflation, which is blamed entirely on “too much employment,” euphemized as “too much money.” [1]  In Congress’s more progressive days, the Fed was charged with a second objective: to promote full employment. The problem is that full employment is supposed to be inflationary – and the way to fight inflation is to reduce employment, which is viewed simplistically as being determined by the supply of credit. So in practice, one of the Fed’s two directives has to give. And hardly by surprise, the “full employment” aim is thrown overboard – if indeed it ever was taken seriously by the Fed’s managers. In the Carter Administration (1777-80) leading up to the great price inflation of 1980, Fed Chairman Paul Volcker expressed his economic philosophy in a not...

Our Economy In a Nutshell The economy has reached an inflection point where everything that is unsustainable finally starts unraveling. Our economy is in a crisis that's been brewing for decades.  The Chinese characters for the English word  crisis  are famously--and incorrectly--translated as  danger and opportunity . The more accurate translation is  precarious plus critical juncture or inflection point . Beneath its surface stability, our economy is precarious because the foundation of the global economy-- cheap energy--has reached an inflection point: from now on, energy will become more expensive. The cost will be too low for energy producers to make enough money to invest in future energy production, and too high for consumers to have enough money left after paying for the essentials of energy, food, shelter, etc., to spend freely. For the hundred years that resources were cheap and abundant, we could waste everything and call it growth: when an appliance ...

Having access to information is very difficult for millionaires... Watch a clear example. For those that eventually aren't aware of what Ball is talking... That is what "Living in a Millionaire Bubble" looks and sounds like... Week FUN!

The 'Week Fun' continues! This Friday we’re focusing on ridiculous stories around the world that will make the inflation problem worse. New Zealand is proposing an absurd climate tax on farm animals (which will be inflationary on food prices). California is creating all sorts of insane new rules on businesses, which will make it more expensive to do business (also inflationary). And courts in the Sue-nited States of America have established a precedent that is bound to drive insurance premiums much higher. The geniuses in charge have really outdone themselves this week. New Zealand Proposes Climate Tax targeting farm animals’ burps and farts New Zealand is proposing to tax farmers based on their greenhouse gas emissions. The plan is to tax farmers on carbon emissions from farm equipment, but also levy a tax on methane emissions from livestock, produced in their stomachs as they digest food. In other words, New Zealand will tax cow and sheep burps and farts. Sheep and cattle vas...

The Billionaire Family Pushing Synthetic Sex Identities (SSI) The wealthy, powerful, and sometimes very weird Pritzker cousins have set their sights on a new God-like goal: using gender ideology to remake human biology BY JENNIFER BILEK One of the most powerful yet unremarked-upon drivers of our current wars over definitions of gender is a concerted push by members of one of the richest families in the United States to transition Americans from a dimorphic definition of sex to the broad acceptance and propagation of synthetic sex identities (SSI). Over the past decade, the Pritzkers of Illinois, who  helped put  Barack Obama in the White House and include among their number former U.S. Secretary of Commerce Penny Pritzker, current Illinois Gov. J.B. Pritzker, and philanthropist Jennifer Pritzker, appear to have used a family philanthropic apparatus to drive an ideology and practice of disembodiment into our medical, legal, cultural, and educational institutions. I first wrote ...